Did these academics all get Ph.D.’s in Stupid ?

Have they never heard of Venezuela?

As reported in Business Insider, in 2017, Venezuela’s economy was 35% smaller than it was in 2013 in terms of gross domestic product and 40% lower in GDP per capita terms.

Now, people are starving, medicine is scarce, and classrooms are nearly empty as their crippling economic crisis that has left many families unable to afford supplies or provide their children with enough food to focus on schoolwork.

But: “Wealth Distribution”… Or something.

Via Daily Caller.

More than 200 academics signed onto a public letter calling on governments to eschew economic growth in order to plan for a “post-growth economy” based on wealth redistribution.

“For the past seven decades, GDP growth has stood as the primary economic objective of European nations,” 238 academics wrote in public letter published by The Guardian on Sunday.

“But as our economies have grown, so has our negative impact on the environment,” they wrote. “We are now exceeding the safe operating space for humanity on this planet, and there is no sign that economic activity is being decoupled from resource use or pollution at anything like the scale required.”

“Today, solving social problems within European nations does not require more growth. It requires a fairer distribution of the income and wealth that we already have,” the academics wrote….

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  1. Alain41 says:

    Elite Colleges are some of the wealthiest institutions. Presume that the academics think they’ll get a pass because they’re non-profit. But that has nothing to do with Wealth. People are non-profit, but if their wealth is taken, why shouldn’t non-people’s wealth be taken. Academics think they’ll get a pass from that. But no. Wealth distribution will affect all. Elites pov is blindered.

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